Investment & Development Ventures, LLC (IDV) and Sealy & Company broke ground on Thompson 10 Logistics Center, a 390,000-square-foot speculative development on 26.86 acres in Baytown.
CBRE’s Tom Lynch and Mark Redlingshafer represented IDV in acquiring the land and securing equity partner, Sealy & Company.
Located at the intersection of Interstate 10 and Thompson Road, Thompson 10 Logistics Center offers frontage road access to Interstate 10 allowing for superior visibility and connection. The Baytown industrial development site also has quick access to nearby Barbour’s Cut and Bayport Container Terminals, making it an ideal location for a distribution center to serve the Houston market. Thompson 10 Logistics Center will include a 130,074 square-foot front load building and a 260,148 square-foot cross-dock building, each with 32-foot clear heights. The development is scheduled to be completed in the spring of 2019. It will also feature truck queuing lanes and ample trailer storage space.
There is high demand for industrial space on the east side of Houston due to recent petrochemical expansions and accelerated import and export activity through the Port of Houston. The latest report from CBRE Research showed that the second quarter of 2018 marked the eighth consecutive year of positive absorption for the Houston industrial market.
Billy Gold, Faron Wiley and David Huddleston with CBRE will exclusively handle leasing for this new logistics center and expect to have ample interest from tenants looking for easy access to the port and Interstate 10. This includes 3rd party logistics companies, petrochemical-related users, e-commerce and other companies looking to expand their Houston footprint through the use of a newly built, institutional-quality property.
Release originally published on CBRE.
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About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.